House prices are booming again – crack open the champagne! Or maybe not

If I was a housebuilder reading the latest survey from the Nationwide building society showing a double-digit rise in prices over the past year (see graph), I would be worried.

Looking at my short-term prospects, naturally I would be chirpy about the larger profit margin I could reasonably expect on my future sales… But I would still be worried about the implications for my business in the long run.

To read the rest of this article at Brian Green's blog, click here.